Share your(questions) doubts - CPT exam

Originally posted by : PARUL
	act of a partner for acquiring an immovable property on behalf of firm is within provisions of —— —— authority under the Indian Partnership Act, 1932 (a) Implied (b) Semi-implied (c) Restricted (d) Expess

(a) Implied

 

okk thankss 

Originally posted by : PARUL
	(When the total expenditure by the consumer on commodity due to change in its price remains the same; the elasticity of demand for the commodity wil (a) 0 (b) 1 (c) >1 (d) <1

i opted for (a)zero....but am not sure the ans is right or wrong.......

Originally posted by : Gaurav Mohnani
	why no entry dude ??

ans is 100% correct but i couldn't explain why it is bcoz u didn't post the full question.....

dude the answer for total expenditure is 1

and for the salary question, how is it possible we wont record anything.....if B doesnt deposit cheque to bank, we have made our payment na. We record transaction on the basis of our company, not according to the creditor......

so the asnwer is Salary to O/s Salary

There was a question of finding Gross Purchases.. what's the answer? 

Originally posted by : pratik singhal
	is physial delievry of goods is essential in sale of goods act?

No, Property in goods should pass to the buyer, physical delivery is not necessary!

Originally posted by : Gaurav Mohnani
	when profit is less than int on capital, we distribute on the basis of capital ratio ?

Yes! :)